Credit card processing costs are a major piece of the overhead for many retail businesses, restaurants, and even service businesses that rely on consumer sales, like hair salons and auto repair shops. The fees are typically based on a percentage of the sale's value, which can turn a break-even promotion into a loss leader or make a low margin transaction unprofitable. It's no … [Read more...] about What Are Cash Discount Programs & How Do They Benefit Your Business?
If you’re well-prepared, it’s easy to qualify for a small business loan. As the world and societies are opening up after the COVID-19 pandemic, many businesses might be considering the prospects of acquiring a loan. You’re probably wondering how to get a loan or even wondering if you should go through the bank. In both cases, loan requirements are the same for every application … [Read more...] about What You Need To Qualify For Small Business Loan
COVID-19 has changed so many things in the world. People had so many plans before the disease, but everything seems strange now that it is here. It has affected so many businesses and left many people unemployed. In the middle of this year, infrastructure investments increased by a good percentage. The pandemic made many things to be in high demand, such as working from home … [Read more...] about Transforming Your Business Model for a Post-COVID Future
Most people who own an iPhone use it to wake up in the morning, check emails throughout the day, hop on social media and keep up with the latest news reports. You may already use your mobile device for some of your business needs, but did you know it’s truly your brand’s secret weapon, allowing you to outpace the competition?According to Statista, about 45.4% of Americans … [Read more...] about Is Your iPhone Your Business’s Secret Weapon?
There’s no doubt in the fact that the entire recruitment process can be quite daunting and stressful. There’s a lot you need to look into when hiring the right candidate for the job that you’ve posted. It’s not about going through all the applications and the CVs just but conducting the interviews of several different applicants and then conducting a background check on them, … [Read more...] about Common Hiring Mistakes To Avoid In Your Recruitment Process
There are many advantages to utilizing big data, such as finding failures in real-time, understanding the data behind what drives your market and improving the customer experience. However, there are also a few pitfalls you should avoid.Statista predicts the big data and business analytics market will reach $274.3 billion by 2022. Although large corporations initially took … [Read more...] about Common Pitfalls When Utilizing Big Data
When considering productivity in a servicing business specifically, it can be more about improving the processes themselves rather than each individual's productivity. That being said, naturally, it's still key to ensure that every worker is feeling as productive as possible, but without a proper system in place, employees may find themselves unable to proceed with certain … [Read more...] about 4 Steps to Increasing Productivity Within Your Servicing Business
In the wake of the evolving COVID-19 situation, many businesses have experienced sharp declines in terms of volume and revenue. The declining economy, struggling health system, and a tremendous amount of lost revenues are making business owners unsettled during these unprecedented times. As the situation continues to escalate, the steps you take to mitigate risk, support … [Read more...] about What are the Possible Ways to Save Your Business During Covid19?
In recent years, Google has set some lofty goals to compete with social media platforms in a new and exciting way. Google My Business is the solution to local SEO and customer acquisition through internet browsers. Both large and small businesses can benefit from this tool.If you've been hesitant to dive into what Google My Business has to offer, it's time to act. Here's … [Read more...] about Everything You Need To Know About Google My Business
Some companies seem to move forward as though there isn't a pandemic occurring. They may raise their prices, not worry about safety measures and even put out insensitive advertising. Whether you think coronavirus is a severe threat to society or overblown hype, it's important to remember some of your customers are scared. They may have lost loved ones and are reluctant to spend … [Read more...] about A Small Business Owner’s Guide to Navigating Business During a Global Pandemic